alstria office REIT-AG ETF Forecast

alstria office REIT-AG ETF upgraded from Sell Candidate to Hold/Accumulate after Friday trading session.
(Updated on May 31, 2024)

AOX.F Signals & Forecast

A buy signal was issued from a pivot bottom point on Friday, May 24, 2024, and so far it has risen 0.292%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The alstria office REIT-AG ETF holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at 3.46€ and 3.49€. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). alstria office REIT-AG gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs". The very low volume increases the risk and reduces the other technical signals issued.

Sell

Special Signal Notification

Double Top Formation

A sell signal from a double top formation was found on Friday, May 10, 2024 and based on theory for this formation the price should fall by -3.21% to 3.32€ within 20 trading days since signal was issued (Monday, June 03, 2024).

Support, Risk & Stop-loss for alstria office REIT-AG ETF

alstria office REIT-AG finds support from accumulated volume at 3.42€ and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

In general the ETF tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the ETF moved 0.0900€ between high and low, or 2.64%. For the last week the ETF has had daily average volatility of 3.39%.

Our recommended stop-loss: 3.25€ (-5.13%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 15 days ago.)

Trading Expectations (AOX.F) For The Upcoming Trading Day Of Monday 3rd

For the upcoming trading day on Monday, 3rd we expect alstria office REIT-AG to open at 3.45€, and during the day (based on 14 day Average True Range), to move between 3.29€ and 3.57€, which gives a possible trading interval of +/-0.139€ (+/-4.04%) up or down from last closing price. If alstria office REIT-AG takes out the full calculated possible swing range there will be an estimated 8.08% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at 3.42€ (0.29%) than the resistance at 3.48€ (1.46%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is alstria office REIT-AG ETF A Buy?

alstria office REIT-AG holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this ETF since the last evaluation from a Sell to a Hold/Accumulate candidate.

Current score: -0.520 Hold/Accumulate Upgraded

Predicted Opening Price for alstria office REIT-AG of Monday, June 3, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.